sub-contracting and taxes - an accountant can help!

FAQ About Hiring A CPA

18 November 2016
by Wallace Hanson

Did you hire someone to handle the accounting for your business and it ended up being a disaster? It is a good idea to leave everything concerning your business finances in the hands of a professional that you can trust. You might want to consider the expertise of a certified public accountant (CPA). Take a look at this article for answers to questions that you might have concerning the services of a CPA.

Can a CPA Help with Investment Planning?

Investment planning is one of the things that a CPA has an expertise in. He or she will be able to help you manage your business finances in a way in which money is saved for investing. All you have to do is tell the accountant when you intend on making an investment, and he or she will come up with a plan to make it possible. For instance, you might be told to cut back on unnecessary business expenses, such as not investing in too many supplies.

What Kind of Payroll Services Will Be Provided?

A CPA will make sure that each of your employees is paid in a fair manner. Basically, the accountant will keep records of the exact hours that the employees put in during each work period. The records will help when it comes to preventing accidentally underpaying someone, and possibly getting sued. You will also benefit because there will be a lower risk of you overpaying employees and losing business profits.

How Can a CPA Help During Income Tax Season?

A CPA can make the process of filing your business taxes less stressful. He or she can actually handle all of the paperwork on your behalf so you can remain focused on other aspects of the business. The CPA will make sure that all of your business profits and losses are report to the Internal Revenue Service (IRS) with accuracy. Even if your business happen to get picked for a random audit, the CPA will help you get through the process without stress.

What Makes a CPA a Reliable Professional to Hire?

The best thing about hiring a CPA is that you will know that he or she has actually obtained the proper training for the job. You will be working with an accountant that can be trusted, especially if you choose someone who has built a good track record. Speak to a CPA, like one from Carmines Robbins & Company PLC, about your business needs when you are ready for some assistance.

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About Me

Are you a sub-contractor of some sort? If so, there are many tax deductions that you could be missing each tax season. Do you take the time to keep and file the receipts that you collect through the year? If not, now is the time to start. Today is the day that you should begin planning for next tax season. I had no idea how many things I was able to write off for my business until last tax season. I had taken my taxes to an accountant to have them prepared professionally for the very first time. I learned a lot about proper business tax deductions and have included much of what I have learned on my website.